Can Okar

@canokar

Mostly Turkish politics and economy, with a healthy side order of Brexit/Beşiktaş/Arsenal angst

Joined December 2010
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  1. Pinned Tweet
    May 11

    I’ve just seen how much advertising the AKP bought for the last election and I am in shock. In March, they were No. 2 on TV, No. 1 in newspapers, No. 2 in out-of-home. Yet they lost almost every major city. The will of the people is apparently difficult to buy.

    20 replies 666 retweets 1,758 likes
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  2. 8 hours ago

    Facebook won’t last another 5 years.

    8:36
    In a CNN Exclusive, Monika Bickert, Facebook VP for Product Policy and Counterterrorism, explains why the social media site hasn't removed a manipulated video of House Speaker Nancy Pelosi.
    3 replies 13 likes
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  3. 10 hours ago

    Man who couldn’t fathom the UK was an island wants to be PM. The problem is, he’s one of the better ones. Boris Johnson would actually kill his siblings for a sliver of power.

    Former Brexit secretary Dominic Raab has announced he will run for the Conservative Party leadership saying he will "fight for a fairer deal on Brexit, a fairer deal for British workers and a fairer society where every child can fulfil their potential"
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    1 reply 1 like
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  4. 13 hours ago

    There is no reason we can’t celebrate Turkey’s national successes together but right now we’re told we’re enemies. We’re not. We are two sides of the same coin being flipped endlessly by a new elite that has forgotten its own roots.

    3 retweets 35 likes
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  5. 13 hours ago

    The majority of Turkish people live hand to mouth in the real “new Turkey”, facing 30%+ food inflation, high unemployment, poor labour conditions, basically a quality of life that gets worse each and every day.

    1 reply 4 retweets 30 likes
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  6. 13 hours ago

    Everyone in Turkey right now is a victim of a system where a very few powerful people live in palaces and drink dragonfruit juice and drive around in convoys of German luxury cars. They are the lucky, wealthy residents of “New Turkey”. That is the new elite.

    2 replies 2 retweets 11 likes
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  7. 13 hours ago

    I realise that people on the other side of this political divide in Turkey believe that opposition voters hate them, that the opposition will seek revenge. I really don’t think they do (there are always some exceptions but we have to ignore them together).

    1 reply 5 likes
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  8. 13 hours ago

    The next month isn’t just about Mayor Ekrem İmamoğlu or a simple election to give back to the majority what is rightfully theirs. It is about giving us all back our sense of unity. I want to cheer something together without having to think about bloody politics.

    1 reply 3 retweets 17 likes
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  9. 13 hours ago

    And of course Turkey is no longer a part of Eurovision, ostensibly because of voting rules but really we all know it’s down to moralistic judgement. The withdrawal from European and global institutions and norms is there across the board.

    2 replies 1 retweet 12 likes
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  10. 13 hours ago

    The AKP has managed to divide us on everything to the extent that I can’t see us sharing happiness together as one. Even when the national team wins, the party has taken such ownership of it that it feels hollow.

    1 reply 3 retweets 19 likes
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  11. 13 hours ago

    When Sertab Erener won Eurovision, we went touring round London with our Turkish flags. When İlhan Mansız hit that Golden Goal, I remember a moment of transcendental bliss. The same when Semih Şentürk broke Croatian hearts. We don’t have that now.

    3 replies 1 retweet 21 likes
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  12. 13 hours ago

    Yesterday was the anniversary of Turkey winning Eurovision. When I heard that, I remembered how happy we all were. I remembered the ecstasy of the 2002 World Cup and 2008 Euros. Then I remembered that these days, nothing pulls us all together any more. That saddens me.

    3 replies 7 retweets 103 likes
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  13. May 24

    President Erdoğan says tonight, “Uber is done in Turkey.” Presumably this gets Istanbul taxi drivers onside for the repeat Istanbul election. Here is my thread from last year about how that approach *should* lose every other Istanbul resident who are daily victims of taxis.

    Turkey is the latest country to experience a battle between licensed taxis and Uber. The difference in Turkey is that it is an actual battle, with reports of taxi drivers beating up and even shooting at Uber drivers. Here’s a look at a fascinating case study in market failure.
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    11 replies 26 retweets 83 likes
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  14. Retweeted
    May 24

    > and eyes could be on the asset quality of banking assets in form of the small and medium size enterprise loans. NPL ratio for lira-denominated loans are on the rise, close post-2008 peak. Oddly enough, peaks are seen in the year following recession where we are yet to be at.

    2 replies 9 retweets 9 likes
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  15. May 24

    And here is Binali Yıldırım appearing to accept a debate with Mayor Ekrem İmamoğlu. Things get curiouser and curiouser. There hasn’t been a televised debate in Turkey for over a decade.

    5 replies 10 retweets 75 likes
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  16. May 24

    Has anyone else noticed that Tayyip Erdoğan has disappeared from the campaign trail? He was supposed to hold 39 rallies in 45 days. I wonder what the AKP’s polling is telling them. Nothing good, I’m guessing.

    9 replies 24 retweets 113 likes
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  17. May 24

    Theresa May wasted three years obsessing over a terrible deal, pushed austerity, treated immigrants with disdain and oversaw both an economic and political car-crash. But her voice broke at the end of her resignation so actually she wasn't the worst PM in history? No mate.

    5 replies 8 retweets 66 likes
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  18. May 24

    The flipside is the airport may be absolutely fine but the companies that own it need cash now. Remember that these companies are the world's largest private actors in infrastructure. If they need quick cash, there's something even more wrong.

    1 reply 7 retweets 33 likes
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  19. May 24

    If Istanbul's new airport was a) profitable, b) sustainable, c) not laden in debt and d) had no operational problems, no owner in their right minds would sell it after a mere few weeks. There's something wrong.

    7 replies 67 retweets 151 likes
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  20. May 24

    A month from today, the Istanbul election result will be filtering through and the aftermath will be explosive whatever happens (if it isn’t cancelled of course). I’d suggest Turkey-followers take 24 June off. Trust me, you wouldn’t get any work done anyway.

    3 replies 2 retweets 35 likes
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  21. May 23

    Turkey announces $4.9 bn (₺30 bn) financing package. This is not what economists are advising.

    Our models say Turkish Lira is 8% undervalued, in line with $/TRY fair value at 5.50. But if another credit expansions happens in coming weeks, we'll have to downgrade our Lira fair value. That's because another…
    1 reply 28 retweets 34 likes
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